September 03, 2010
Characteristics of Local Indianapolis Home Buyers
Interested in the characteristics of local Indianapolis area Home Buyers? The latest information has become available from a survey of Home buyers and sellers commissioned by MIBOR. The survey was based on transactions between July 2008 and June 2009.
- First-time homebuyers comprised 44% of homebuyers
- Typical first-time homebuyer was 29 years old while the typical repeat buyers were 48 years old
- 2008 median household income of buyers was $66,000
- Repeat buyers median income was $82,300
- First-time homebuyers median income was $55,400
- 22% of recent homebuyers were single females
- 9% of recent homebuyers were single males
- 32% of recent homebuyers stated that the primary reason for purchasing was, “A desire to own a home”
If you have any questions or would like to see how these statistics compare to the rest of the Nations buyers shoot me an email at
Posted by: 
Jeremy Page
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